Tesla is producing 3,500 cars a week

During the company’s annual shareholder meeting, CEO of Tesla Elon Musk said that they are producing 3,500 Model 3 cars a week. They are aiming to reach production of 5,000 cars per week by the end of June. The annual shareholder meeting was conducted on Tuesday. The Model 3 cars of Tesla cost $35,000, and the full production of these cars will begin by the first quarter of 2019. He also added that this is the cheaper version of the car and many people who are in line waiting for it might have to wait for much longer.